MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

EUR/NZD analysis for December 20, 2016

analytics585942893f2de.png

Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5057 in a high volume. Using the market profile, I found today's point of control at 1.5011 on the 30M time frame. The price is trading above the 21SMA, which is a sign of strength. My advice is to watch for buying opportunities on dips. I placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 100% at the price of 1.5075 and Fibonacci expansion 161.8% at the price of 1.5125.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5045

R2: 1.5065

R3: 1.5100

Support levels:

S1: 1.4976

S2: 1.4950

S3: 1.4920

Trading recommendations for today: watch for buying opportunities.

The material has been provided by InstaForex Company - www.instaforex.com